Page 20 - One report AUCT2024_Eng

Part 1
Business Operation and Operating Results
In 2024 the Company has organized various special auction events, which could be summarized as follows:
1) LUXURY CAR
The Company together with the finance
companies gathered various used European car brands,
i.e. Mercedes Benz, BMW, Porsche, etc., to auction to
penetrate into the target customer groups from level B level
and above, including the customers who needed to buy
the high-quality used luxury cars for their own usage and
the entrepreneurs who needed to buy European cars at a price that can generate good profits. Conditions of these cars have been inspected by the service center with guaranteed mileage. If the condition of the car does not conform to the list, the Company will accept 100% return. Consequently, it can build confidence and gain a lot of interest from the buyers.
2. EV Corner
The Company organized the “EV Corner” event as an auction of the used electric motorcycles and electric vehicles because more EV have been entered into the used car markets, although the quantity was still small compared to the internal combustion engine (ICE) vehicles. This event could attract many bidders, and the auction results have been satisfactory.
3. “Good-quality Car at a Price Less Than 100,000 Baht” at Rangsit Klong 8 Branch
Due to the relatively slow recovery of the country’s economic conditions, most of the consumers were interested to buy the used cars which were 50-60% lower than new cars, so the Company has organized a special campaign to sell the used cars with a starting price of not more than 100,000 Baht. The vehicles, both sedans and pick-up trucks, were open for sale on the last Sunday of October, November and December at Rangsit Klong 8 Branch for the customer groups who have low budget but need to buy the used cars. This event has attracted the interest of the customers who needed to buy inexpensive and good quality cars that could be ready to use.
4. Ready Travel Auction Car
The Company organized the “Ready Travel Auct Car” event to attract the travelers who looked for a used car readily for travel by gathering the used family cars, 4-door pick-up trucks, vans, and SUVs from a variety on brands that are ready- to-use to meet the needs of every trip.
20
Annual Registration Statement / Annual Report 2024
(Form 56-1 One Report)